Business

11 November, 08:27

Louis has invested $1,000 in the stock market. At the end of one year, there is a 30% chance that his stock will be worth only $800, and a 70% chance that it will be worth $1,200. The expected value of his stock at the end of one year is:A) $1,000. B) $1,080. C) $1,200. D) $1,160.

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